Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (64521)	3/14/2007 8:37:56 PM
From: longnshort	Read Replies (1) \| Respond to of 116555

As a result, the surprise 1968 Tet Offensive (which involved suicidal attacks by the Viet Cong in some 70 cities and towns, and 30 other strategic objectives simultaneously) turned the political tide of the war against America and eventually led to the protest movement that (in turn) led to the American defeat in Vietnam. From a military perspective, it is important to note that the Tet Offensive was a singularly unmitigated disaster both for Hanoi and for its Viet Cong troops in South Vietnam. Not one of the objectives of the Viet Cong in that Offensive was achieved. Yet, it proved to be a major turning point in the war. Being the first major "television war," Americans watched the carnage in horror and concluded (incorrectly) that it was a military disaster for America. One of America's most trusted newsmen, CBS's Walter Cronkite, even appeared for a standup piece with distant fires as a backdrop. Donning a helmet, Cronkite declared the war lost. Eugene McCarthy carried New Hampshire and Bobbie Kennedy stepped forward to challenge the policies of an already distraught President. Six weeks later, Lyndon Johnson, in the midst of national protest, announced that he would not seek re-election. His ratings had plummeted to 30 percent after Tet. Approval of his handling of the war had dropped to 20 percent. He had concluded that the war was unwinnable. In the end, American support for the Vietnam War faded. Giap admitted in his memoirs that news media reporting of the war and the antiwar demonstrations that ensued in America surprised him. Instead of negotiating what he called a "conditional surrender," Giap said they would now go the limit because America's resolve was weakening and the possibility of complete victory was within Hanoi's grasp.